This week demand has remained sluggish for
Turkey's hot rolled coil (
HRC) exports, as in previous weeks. In addition, the strengthening of the US dollar against the euro has affected Turkish
HRC exports negatively. While ex-Europe
HRC offers have been declining amid the weakening of the euro, Turkish exporters do not want to reduce their offers and so they have preferred to avoid giving offers in the export market this week. Nevertheless, Turkish
HRC offers to the export market are currently standing at $680-690/mt FOB, while exporters may reduce their offers for large volume orders.